HR 6873
Geothermal Tax Parity Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 13, 2026, 4:11 PM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Geothermal Tax Parity Act, aims to level the tax playing field for geothermal energy development. Currently, certain tax deductions for exploration and development costs are limited. This legislation changes the Internal Revenue Code to allow geothermal energy companies to amortize these geological and geophysical expenditures over time, similar to how oil and gas companies currently do. It also clarifies rules regarding passive losses for investments in geothermal properties.
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